Chande Momentum Oscillator XAUUSD Technical Analysis and XAUUSD Signals

Developed by Tushar Chande

Chande Momentum Oscillator measures momentum of a xauusd.

This Indicator uses a scale ranging between +100 and -100 thus allowing the xauusd trader to clearly see changes in net momentum using the 0 level mark as a balance point.

Calculation

Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.

The calculations are performed on unsmoothed data. This allows for short-term extreme movements to be less hidden. However, smoothing can still be applied to the Oscillator.

XAUUSD Technical Analysis and Generating XAUUSD Signals

Buy XAUUSD Signal

This Oscillator measures the momentum of gold price.

Levels above Zero line are considered to be bullish/buy xauusd signals.

The higher the indicator goes the higher the upward gold price momentum.

Buy XAUUSD Signal

Sell XAUUSD Signal

Levels below Zero line are considered to be bearish/buy xauusd signals.

The lower the indicator goes the higher the downward gold price momentum.

Sell XAUUSD Signal